1. What is usually true of organizational resources?

   		Some resources cannot be directly purchased and have to be be developed over time.
   		Customers are always aware of a firm's resources while deciding to buy its products.
   		All resources are reflected as assets in a firm's balance sheet.
   		Intangible resources are easier to copy than tangible resources.

1. What is usually true of strategic groups within an industry?

   		Incumbents in one strategic group will never enter another group.
   		The strength of the competitive forces may vary across strategic groups.
   		There is very little difference in strategies across strategic groups.
   		Strategic groups comprise of potential new entrants to the industry.